Global Stevia Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Stevia Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Stevia Market?
The size of the stevia market has seen expedited augmentation in the recent past. Its progression will go up from $0.92 billion in 2024 to about $1.03 billion in 2025, boasting a Compound Annual Growth Rate (CAGR) of 11.6%. Factors contributing to the growth during the historical phase were driven by health and wellness fashions, escalating worries about obesity, preference towards natural constituents, regulatory backing, and a shift in consumer preference away from artificial sweeteners.

In the coming years, the stevia market is projected to experience substantial growth, increasing to a worth of $1.67 billion in 2029 with a compound annual growth rate (CAGR) of 12.8%. The expansion throughout this predicted period can be accredited to the persistent awareness of health, a rise in diabetes consciousness, the progress of the food and beverage industry, a preference for clean label products, and global diet changes. During this forecast timeframe, the primary trends include the creation of functional and wellness products infused with stevia, the increased use in both non-alcoholic and alcoholic drinks, the emergence of sweet snacks and confectionery based on stevia, moving towards clear and visible stevia labeling, and collaborations and partnerships focussed on stevia research and development.

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What Are the Different Stevia Market Segments?
The stevia market covered in this report is segmented -

1) By Product: Powder, Liquid, Leaf
2) By Nature: Organic, Conventional
3) By Application: Bakery, Dairy Food Products, Beverages, Dietary Supplements, Confectionery, Other Applications

Subsegments:
1) By Powder: Granulated Stevia Powder, Stevia Extract Powder
2) By Liquid: Liquid Stevia Drops, Concentrated Liquid Stevia
3) By Leaf: Dried Stevia Leaves, Fresh Stevia Leaves

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What Are the Primary Drivers Shaping the Stevia Market?
The escalating incidences of diabetes and obesity are anticipated to fuel the expansion of the stevia market in the coming years. The primary factors contributing to obesity include an unhealthy lifestyle, lack of physical activity, overconsumption of food, genetic predisposition, and elevated stress levels which heighten the possibility of diabetes, heart ailment, and various forms of cancer. For example, the Office for Health Improvement and Disparities, a division of the UK's Department of Health and Social Care, reported in April 2024 that in the year ending November 2022, 63.8% of adults who are 18 years and above were identified as being overweight or obese. This figure indicates a 0.5% upsurge from the preceding year. Consequently, the demand for stevia is projected to rise, propelling the market's growth.

Which Companies Are Leading in the Stevia Market?
Major companies operating in the stevia market include Cargill Inc., Archer Daniels Midland Company, PepsiCo Inc., The Coca-Cola Company, Ingredion Incorporated, WhiteWave Services Inc., Tate & Lyle plc, SunOpta Inc., SweetLeaf Stevia, BENEO GmbH, Stevia Corp, Real Stevia Company, Sweet Green Fields LLC, Guilin Layn Natural Ingredients Corp, S&W Seed Co, GL Stevia Co Ltd., Sunwin Stevia International Inc., PureCircle Ltd., Pyure Brands LLC, Bioplus Life Sciences Pvt Ltd., Evolva Holding S.A., GLG Life Tech Corp, Foodchem International Corporation, Hunan Nutramax Inc., Sunrise Nutrachem Group Co Ltd., Zhucheng Haotian Pharma Co Ltd, Wisdom Natural Brands, Shandong Aojing Biotechnology Co Ltd., Morita Kagaku Kogyo Co Ltd, Ganzhou Julong High-Tech Industrial Co Ltd., Arista Industries Inc., Martin Bauer GmbH Co, Health Plus Inc., Kerry Group plc, Whole Earth Brands Inc., Layn Corporation, Taos Inc., Biolotus Technology Jiangsu Inc., Sino-Food Machinery Co Ltd., Nutra Food Ingredients LLC

What Are the Major Trends Shaping the Stevia Market?
The leading organizations within the stevia market are generating novel products like liquid stevia-based sweeteners in a bid to cater to a wider consumer population, boost sales, and escalate profit. Sweeteners that are based on liquid stevia are concoctions created from the stevia plant's (Stevia rebaudiana) leaves, processed into liquid. In an example from July 2022, Sweegen, Inc., a firm from the U.S. specializing in manufacturing sweeteners derived from stevia, debuted Bestevia LQ. The distinct characteristics setting Bestevia LQ apart are its suitability for a range of applications, including carbonated drinks, sweet items, liquid sweeteners, dessert sauces, and concentrated fruity or flavored syrups. The product was specifically engineered to address solubility issues, improve stability, and assist in accurate measurement, making Bestevia.LQ easy to handle in lab and factory setups. Significantly, it provides a feasible alternative for businesses whose production facilities do not use powdered stevia.

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What Are the Top Revenue-Generating Geographies in the Stevia Market?
Asia-Pacific was the largest region in the stevia market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the stevia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Stevia Market?
2. What is the CAGR expected in the Stevia Market?
3. What Are the Key Innovations Transforming the Stevia Industry?
4. Which Region Is Leading the Stevia Market?

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